By Bill Thomas, head of US equity investment team, BAring Asset Management, Boston The recovery ...
By Bill Thomas, head of US equity investment team, BAring Asset Management, Boston The recovery in stock prices over the summer has brought welcome relief from the declines of the past three years. We believe the recovery is sustainable, as most of the headwinds facing investors at the beginning of this year have subsided. Earnings are recovering in most sectors, and should be further supported by improving economic growth in the quarters ahead. We continue to caution, however, that earnings and economic growth, while improving, are likely to remain restrained by past standards...
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